Demand for new retail and office space is rising across Brooklyn, from tony waterfront neighborhoods like Williamsburg to middle-class immigrant enclaves in the southern part of the borough. Down on Kings Highway in Sheepshead Bay, a five-story retail and office development is in the works.
A few years ago, a piece of the Palisades along River Road in North Bergen, New Jersey was cut back to prepare for new development. From south to north, a Starbucks Coffee, Bank of America, and Walgreens are already open. Just beyond them, a new residential development is now only months away from completion.
Much of the Broadway Triangle in Williamsburg is frozen by a legal battle over discriminatory zoning, but developer Rabsky Group is pushing forward with their plan to develop two industrial properties in the area into seven large residential towers.
It was a little over a year ago that the Naftali Group’s mixed-use building at 210 West 77th Street, on the Upper West Side, was about to top out. Now, construction of the building is almost at the finish line.
As the city gears up to rezone downtown Far Rockaway, one developer is trying to work with the zoning that already exists. Builder Surjeet Kaur filed plans to put up a two-story hotel at 10-74 Beach 22nd Street, right next to the Far Rockaway-Mott Avenue stop on the A, where the elevated subway line ends in Queens.